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CITY · 2010 ACS

Wakefield

Massachusetts · 24,932 residents · 7.394 sq mi
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The short version

Wakefield is significantly wealthier than the US average, with a median household income of $89,246. Population has held roughly steady since 2000. 48% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value has risen by half since 2000, reaching $416,900. Poverty is rare here, at 2.4% of residents. Households here earn about 38% more than the Massachusetts median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 41.9
US median: 37.2
More educated
48% hold a bachelor's degree
US average: 28%
Less affordable
home values up 37%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
24,932
+1%since 2000
from 24,804 in 2000
1990 – 2024
Population density
3,372 / sq mi
+1%since 2000
from 3,355 / sq mi in 2000
US average: 261
Median age
41.9
+8%since 2000
from 38.9 in 2000
US average: 37.2
Population, 1990 – 2024
24K25K26K27K28K1990201020202024Wakefield
202428K
1990201020202024
Section 02

Income & economy

Median household income
$89,246
+7%inflation adjusted, since 2000
from $66,117 in 2000
US average: $52,703
1990 – 2024
Per capita income
$40,494
+33%since 2000
from $30,369 in 2000
US average: $27,286
Households earning $100K+
57.2%
+0.2 ptssince 2009
from 57.1% in 2009
US average: 33.3%
Poverty rate
2.4%
−0.7 ptssince 2000
from 3.1% in 2000
US average: 13.8%
Income inequality (Gini)
0.376
US average: 0.461
Workforce by industry, 2010
Information10.6%
US avg: 11.5%
Other services9%
US avg: 7%
Wholesale trade9%
US avg: 7.2%
Retail trade8.9%
US avg: 10.9%
Public administration7.5%
US avg: 4.9%
Finance & insurance4.5%
US avg: 5.1%
Professional, scientific, technical3.6%
US avg: 4.2%
Arts, entertainment, food2.5%
US avg: 2.4%
Transportation & warehousing2.4%
US avg: 3.1%
Education & health services0.9%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$416,900
+37%inflation adjusted, since 2000
from $240,300 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$1,042
+4%inflation adjusted, since 2000
from $795 in 2000
US average: $853
Owner-occupied
55.0%
−17.0 ptssince 2000
from 72.0% in 2000
26.7% rent
Vacancy rate
7.4%
+1.5 ptssince 2009
from 5.8% in 2009
US average: 12.1%
Owner cost-burdened
31.1%
−0.5 ptssince 2009
from 31.6% in 2009
US average: 30.9%
Renter cost-burdened
36.9%
Unchangedsince 2009
from 36.9% in 2009
US average: 46.8%
Afford Score
4.7
+29%since 2000
from 3.6 in 2000
1990 – 2024
RELATED:See current rent listings in Wakefield on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.4%(23,902)
Black0.4%(106)
Hispanic / Latino0.8%(204)
Asian1.4%(353)
Other0%
Diversity Score6.6%(1,642)
2010
White, non-Hispanic93%(23,181)
Black0.9%(214)
Hispanic / Latino2.3%(575)
Asian2.6%(659)
Other1.4%(351)
Diversity Score17.2%(4,281)
Diversity Score
17
+159%since 2000
from 7 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
47.6%
+7.9 ptssince 2000
from 39.7% in 2000
US average: 27.9%
High school or higher
95.3%
+4.7 ptssince 2000
from 90.6% in 2000
US average: 84.9%
Graduate degree
17.0%
+2.4 ptssince 2000
from 14.6% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
28.7 min
+49%since 2000
from 19.3 min in 2000
US average: 25.2
Drive alone to work
79.2%
+1.7 ptssince 2009
from 77.5% in 2009
US average: 76.2%
Carpooled to work
5.5%
−2.4 ptssince 2009
from 8.0% in 2009
US average: 10.4%
Public transit
10.2%
−0.1 ptssince 2009
from 10.4% in 2009
US average: 4.7%
Worked from home
3.2%
+0.7 ptssince 2009
from 2.5% in 2009
US average: 4.1%
Walked to work
1.2%
−0.1 ptssince 2009
from 1.3% in 2009
US average: 2.8%
Biked to work
0.2%
+0.1 ptssince 2009
from 0.1% in 2009
US average: 0.5%
No vehicle available
5.8%
−0.5 ptssince 2009
from 6.3% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
13.9%
+0.8 ptssince 2009
from 13.1% in 2009
US average: 12.9%
Management & professional
50.9%
−21.0 ptssince 2009
from 71.9% in 2009
US average: 35.2%
Section 08

People & community

Male
49.7%
+0.7 ptssince 2009
from 49.1% in 2009
Female
50.3%
−0.7 ptssince 2009
from 50.9% in 2009
Foreign born
5.9%
+0.3 ptssince 2009
from 5.6% in 2009
US average: 12.8%
Veterans
9.3%
−38.2 ptssince 2009
from 47.5% in 2009
US average: 9.9%
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Head to head

Compare Wakefield to nearby cities

WAKEFIELD VS
Lynnfield
Income$175,265+96%
Home value$917,600+120%
Population13,064−53%
SEE FULL COMPARISON →
WAKEFIELD VS
Stoneham
Income$113,964+28%
Home value$671,900+61%
Population23,355−16%
SEE FULL COMPARISON →
WAKEFIELD VS
Reading
Income$165,912+86%
Home value$809,000+94%
Population25,612−8%
SEE FULL COMPARISON →
WAKEFIELD VS
Melrose
Income$133,953+50%
Home value$822,900+97%
Population29,597+6%
SEE FULL COMPARISON →
Frequently asked

How many people live in Wakefield, Massachusetts?

Wakefield, Massachusetts has about 24,932 residents according to the 2010 American Community Survey.

What is the median household income in Wakefield, Massachusetts?

The typical household in Wakefield, Massachusetts earns about $89,246 a year. Half of households make more than that, and half make less.

Is Wakefield, Massachusetts expensive?

In Wakefield, Massachusetts, the median home is worth about $416,900, and the typical rent is about $1,042 a month.

How educated are people in Wakefield, Massachusetts?

About 47.6% of adults age 25 and over in Wakefield, Massachusetts hold a bachelor's degree or higher.

What is the poverty rate in Wakefield, Massachusetts?

About 2.4% of people in Wakefield, Massachusetts live below the federal poverty line.

Has Wakefield, Massachusetts grown since 1990?

Yes, Wakefield, Massachusetts has grown since 1990. The population has added about 107 residents, a change of about 0 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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